Bitfury Newsroom

The society took part in the recent EY Startup Challenge – and is now offering ongoing advice – to blockchain specialists working with industry to offer digital rights management solutions.Over six weeks, PRS for Music experts worked with two groups, JAAK and BitFury, guiding them through the creation of two unique ideas.

In July, The Bitfury Group, the world’s leading full service blockchain technology company, in collaboration with the open-source Lightning Network community, released a white paper that offered a solution to a major piece of implementing the Lightning Network – payment routing. The paper introduced a payment routing algorithm, called Flare, which would allow for Lightning Network users to be able to successfully send payments to each other via connected nodes.

A startup contest hosted by professional services firm Ernst & Young ended with three blockchain companies receiving honors. The six-week E&Y Startup Challenge accepted six blockchain-focused startups in September, which focused on two application areas for the tech: digital rights management and energy transfer. The BitFury Group received an award for “Best Pitch” after it developed a blockchain-based tool for digital rights management.

The Bitfury Group's Communications and Marketing team was highlighted in today's edition of Politico Playbook, Politico's must-read briefing on what's driving the day in Washington.

Blockchain technology could bring an "economic revolution" in many developing countries where proving ownership of assets or getting access to capital is difficult, Virgin Group founder and billionaire entrepreneur Richard Branson said on Monday.

Branson referenced the work of well-known economist Hernando de Soto, who recently announced a partnership with blockchain company BitFury and the Republic of Georgia's National Agency of Public Registry, to trial a land titling program.

Inspired by a white paper released by bitcoin tech firm Bitfury in July, the Acinq team launched 2,500 Amazon Web Service nodes this month as a way to test a proposed routing system for Lightning-style payments earlier this month. Conducted on 18th September, the test put the routing theory proposed in the white paper into practice.

As it showed Lightning nodes could effectively route payments, Bitfury CEO Val Vavilov argued that the test was a significant milestone for bitcoin.

The Bitfury Group has launched a Blockchain Trust Accelerator with New America and the National Democratic Institute to create additional pilot projects focused on what they call “blockchain for good” efforts.

French Bitcoin technology company ACINQ has successfully tested and implemented leading Blockchain technology company Bitfury’s algorithm solution for instant payments routing on the Lightning Network.

Six technology startups have been selected to participate in the next EY Startup Challenge, focusing on building blockchain solutions for digital rights management and energy trading. During the six week program, which begins on 12 September, the startups will move into an innovation hub in the office space of a technology accelerator in Canary Wharf, London. They will have access to a selection of mentors from EY and EY’s clients, a series of educational workshops, and regular contact with market leading businesses. The program ends with a showcase day on 20 October where the startups will demonstrate the solutions they have built.

A three-day conference held at the Lake of Bays in Muskoka Canada which involved Blockchain advocates, theorists and policy experts was held between August 24th-26th, 2016. The meeting participants explored ways that the Blockchain can achieve its fullest potential. Can this group of individuals who are already deeply connected with the Blockchain change the course it is on and steer it towards a better tomorrow? CoinTelegraph spoke to Brian Behlendorf of The Hyperledger Project, Don Tapscott of The Tapscott Group, Alex Tapscott of Northwest Passage Ventures, and Jamie Smith of The Bitfury Group about the group, its plans and goals.